Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

The beginning inventory of merchandise at dunne co

19/03/2021 Client: saad24vbs Deadline: 2 Day

Example Exercise 7-1

The following three identical units of Item A are purchased during April:

Assume that one unit is sold on April 30 for $118.

Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods.

PE 7-1B

Cost flow methods

1. Obj. 2

Example Exercise 7-1

The following three identical units of Item Beta are purchased during June:

Assume that one unit is sold on June 27 for $110.

Determine the gross profit for June and ending inventory on June 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods.

PE 7-2A

Perpetual inventory using FIFO

1. Obj. 3

Example Exercise 7-2

Beginning inventory, purchases, and sales for Item Widget are as follows:

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on March 25 and (b) the inventory on March 31.

PE 7-2B

Perpetual inventory using FIFO

1. Obj. 3

Example Exercise 7-2

Beginning inventory, purchases, and sales for Item Delta are as follows:

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 24 and (b) the inventory on July 31.

PE 7-3A

Perpetual inventory using LIFO

1. Obj. 3

Example Exercise 7-3

Beginning inventory, purchases, and sales for Item Gidget are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on September 27 and (b) the inventory on September 30.

PE 7-3B

Perpetual inventory using LIFO

1. Obj. 3

Example Exercise 7-3

Beginning inventory, purchases, and sales for Item Foxtrot are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31.

PE 7-4A

Perpetual inventory using weighted average

1. Obj. 3

Example Exercise 7-4

Beginning inventory, purchases, and sales for Meta-B1 are as follows:

Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the July 23 purchase, (b) the cost of the merchandise sold on July 26, and (c) the inventory on July 31.

PE 7-4B

Perpetual inventory using weighted average

1. Obj. 3

Example Exercise 7-4

Beginning inventory, purchases, and sales for WCS12 are as follows:

Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the October 22 purchase, (b) the cost of the merchandise sold on October 29, and (c) the inventory on October 31.

PE 7-5A

Periodic inventory using FIFO, LIFO, and weighted average cost methods

1. Obj. 4

Example Exercise 7-5

The units of an item available for sale during the year were as follows:

There are 14 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method.

PE 7-5B

Periodic inventory using FIFO, LIFO, and weighted average cost methods

1. Obj. 4

Example Exercise 7-5

The units of an item available for sale during the year were as follows:

There are 57 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method.

PE 7-6A

Lower-of-cost-or-market method

1. Obj. 6

Example Exercise 7-6

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 9 .

PE 7-6B

Lower-of-cost-or-market method

1. Obj. 6

Example Exercise 7-6

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 9 .

PE 7-7A

Effect of inventory errors

1. Obj. 6

Example Exercise 7-7

During the taking of its physical inventory on August 31, 2019, Kate Interiors Company incorrectly counted its inventory as $366,900 instead of the correct amount of $378,500. Indicate the effect of the misstatement on Kate Interiors’ August 31, 2019, balance sheet and income statement for the year ended August 31, 2019.

PE 7-7B

Effect of inventory errors

1. Obj. 6

Example Exercise 7-7

During the taking of its physical inventory on December 31, 2019, Waterjet Bath Company incorrectly counted its inventory as $728,660 instead of the correct amount of $719,880. Indicate the effect of the misstatement on Waterjet Bath’s December 31, 2019, balance sheet and income statement for the year ended December 31, 2019.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Online Assignment Help
24/7 Assignment Help
Ideas & Innovations
Top Grade Essay
Assignment Hub
Engineering Help
Writer Writer Name Offer Chat
Online Assignment Help

ONLINE

Online Assignment Help

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$112 Chat With Writer
24/7 Assignment Help

ONLINE

24/7 Assignment Help

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$56 Chat With Writer
Ideas & Innovations

ONLINE

Ideas & Innovations

I have read your project details. I can do this within your deadline.

$107 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$116 Chat With Writer
Assignment Hub

ONLINE

Assignment Hub

I have read and understood all your initial requirements, and I am very professional in this task.

$46 Chat With Writer
Engineering Help

ONLINE

Engineering Help

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$130 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

New and Improved rewards at work - Movies with full penetration on netflix 2015 - Reflection Paper-3pages - From net earnings of $740 per month - Irr vs npv vs payback - An appeal to the colored citizens of the world - Wall squat test normative data - My english by julia alvarez questions and answers - Declaring a relationship to centrelink - Vms software bolton ma - The krug company collected 6000 rent in advance - Discussion: Criminal Justice Policy Actors - Intel core i7 8xx lynnfield core - Translational research graphic organizer example - Period costs for a manufacturing company would flow directly to - Vestibule training in hrm - Difference between reflexive and reciprocal verbs in french - From fly girls to bitches and hos - Information technology project charter example - Lesson 10.3 two way tables answer key - Where to Buy letterman jackets? - Rothschild index - Harvard business school everest simulation - Cloud computing discussion3 - Fpga vs asic design flow - Bs1361 short circuit capacity - Hyperthyroidism soap note - Tow truck driver licence - Example of rationale in project proposal - Nurse practitioner Blackboard Discussion. - Intro to biblical worldview - Mcgraw hill action potential - Hogan's heroes season 6 episode 23 youtube - Brownson evidence based public health - Shadow health neurological assessment subjective data - External equity in hrm - OE-15 - Pool fence non-climbable zone vic - Indicators of air pollution ppt - Polo ralph lauren employee w2 - Conduct disorder in the classroom - Austin counties car club - Bodega dreams setting - 107NURD4IR - Doug lemov teach like a champion pdf - Outcome/input ratio and comparison other are elements of: - What is translational research in nursing - Product life cycle assignment - Monash lss clerkship guide - Barrow alaska climate graph - Va fiduciary hub columbia sc phone number - Business Research - Assignment - Environmental Science discussion - Controlling metaphor - Must be detailed and no copy and paste,and no plagiarism - Chiaroscuro the night watch - Designing team and team identity - 24 hour daycare on tara blvd - Are car headlights in series or parallel - Waterstop rx 101 price - Parker and stone inc is looking - Business Articles Every Entrepreneur Should Read - Soap Note x 3 (24 Hours) - Molar mass of alka seltzer tablet - Apply: Signature Assignment: Frito-Lay Case - Substitution reaction of cyclohexane and bromine - Coping questions in solution focused therapy - Aquaint nsa - Themes in how to kill a mockingbird - Milestone 4 - Environmental engineering. Short essay including reasons - Your hand your tongue macbeth - Engineering ethics by charles fleddermann 4th edition pdf - Which mission statement best represents the digby - Angle sum of heptagon - Pgce secondary personal statement - You re the pretender - How many questions in hazard perception test wa - Essay - Bar industry analysis - Psychology: Drugs, Society & Human Behavior - Does rap stand for rhythm and poetry - Andys auto rentals tweed heads - Python permutation code - Deviance and social control inderbitzin pdf - What is a force table - Sara smilansky 4 types of play - What is hlr and vlr - Apple compensation plan - American wire gauge abbreviation - Anne marie's business goal is to generate online sales - Social psychology 10th edition aronson - Question about certain article - Omeprazol pensa 20 mg - Homologous and analogous structures activity - Research your present or past company’s view on corporate social responsibility. If you do not currently work for a company, pick a company that supports corporate social responsibility. Are there programs or initiatives in place to contribute to the community in some way? Review and describe these programs, and comment on their effectiveness to the community and organization, the employees, and the company. - C06I Assignment 8 - Aesthetics in architecture pptcaught in the crowd kate miller heidke meaning - Ngha.med.sa login